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FDIC Urging Against Bank Runs (#GotBitcoin?)
The Federal Deposit Insurance Corporation, or FDIC, recently posted a video urging the public not to rush to banks for cash withdrawals. Does this relate to crypto? FDIC Urging Against Bank Runs (#GotBitcoin?) “Your money is safe at the banks,” FDIC Chairman Jelena McWilliams said in a video posted on…
Bitcoin Could Become Like ‘Prison Cigarettes’ Amid Deepening Financial Crisis
In an interview with Cointelegraph, John Vaz, economist and academic at Monash University, asserts that the outlook for Bitcoin (BTC) and cryptocurrency is dependent on the response from governments to the current economic crisis. Bitcoin Could Become Like ‘Prison Cigarettes’ Amid Deepening Financial Crisis John also emphasizes the importance of…
How Coronavirus Is Sending Millennials Back To Their Childhood Bedrooms
When grown children move back to their parents’ houses to shelter in place, they‘re confronted with their teenaged selves’ notion of ‘cool’ décor. And it isn’t always pretty. How Coronavirus Is Sending Millennials Back To Their Childhood Bedrooms [caption id="attachment_17056" align="aligncenter" width="600"] Hard Return As Millennial Children Shelter In Their…
30% Of All Mortgages Will Default In “Biggest Wave Of Delinquencies In History”
Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers. 30% Of All Mortgages Will Default In "Biggest Wave Of Delinquencies In History" This time…
Postal Service Warns of $22 Billion Loss From Coronavirus After Receiving $10 billion From Stimulus
Agency already struggling with losses got $10 billion lifeline in stimulus package but says it faces far greater damage. Postal Service Warns of $22 Billion Loss From Coronavirus After Receiving $10 billion From Stimulus The U.S. Postal Service is facing a precipitous decline in mail volume and billions of dollars…
Bitcoin Holds Value As US Debt Reaches An Unfathomable $24 Trillion
The national debt of the United States has crossed $24 trillion for the first time in history as Donald Trump’s presidency adds $4 trillion in four years. Bitcoin Holds Value As US Debt Reaches An Unfathomable $24 Trillion According to figures from online monitoring resource Trading Economics, the tally now…
Black News Channel Makes Historic Launch (2-10-2020)
The nation’s only African American news network, based in Tallahassee, will launch nationwide Monday. Black News Channel To Makes Historic Launch (2-10-2020) [caption id="attachment_17015" align="aligncenter" width="600"] Lauren Mccoy, Kevan Smith, Fred Hickman, Laverne Mcgee, Anthony Amey And Rarione Mauriece Will Be The Black News Channel's Weekday Personalities.[/caption] BNC is a…
Companies View Labor Shortage As Reason To Fully Automate Wherever Possible (#GotBitcoin)
Companies weigh new technologies to strengthen their shared services, customer relationship management. Companies View Labor Shortage As Reason To Fully Automate Wherever Possible (#GotBitcoin) Finance chiefs are considering hastening investments in automation initiatives to better manage their companies’ finances and operations despite facing revenue declines stemming from the coronavirus pandemic.…
Is The $349 Billion Small Business Relief Package Another Big Bank Bail-out Fund? (#GotBitcoin?)
Big banks may have just killed the government's $349 billion relief effort to save America's devastated small businesses. Is The $349 Billion Small Business Package Another Big Bank Bail-out Fund? (#GotBitcoin?) Applications for forgivable loans for small businesses opened on April 3, but last-minute changes have thrown the program…
How To Get Money (Crypto-currency) To People In An Emergency, Fast
The responses of governments to the coronavirus pandemic have been extraordinary. How To Get Money (Crypto-currency) To People In An Emergency, Fast Governments around the world have enacted emergency legislation to protect people from loss of income and keep businesses alive as far as possible. The U.S. government, for example,…
Risk To Jobs Now ‘Unprecedented Since The Great Depression’ (#GotBitcoin)
The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. Risk To Jobs Now ‘Unprecedented Since The Great Depression’ (#GotBitcoin) With International Monetary Fund Managing Director Kristalina Georgieva warning of a…
Here Is A List Of Companies That Have Suspended Dividends Or Stopped Stock Buybacks In April
After dozens of companies suspended or cut their dividends in recent weeks amid the coronavirus-driven business slowdown, some analysts believe dozens more are vulnerable across a variety of sectors. Here Is A List Of Companies That Have Suspended Dividends Or Stopped Stock Buybacks In April Take Banks: After suspending stock…